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"Turns out, high taxes need not be bad for the economy. On the contrary, high taxes can make capitalism work better. (In 1952, the highest income tax bracket in
by UncleOxidant 6y ago
"Turns out, high taxes need not be bad for the economy. On the contrary, high taxes can make capitalism work better. (In 1952, the highest income tax bracket in the United States was 92%, and the economy grew faster than ever.)"
If you ask most of the MAGA folk about what era they think America was greatest and most of 'em will cite the 1950s. When you point out what the tax rates were back then they're generally incredulous and figure you're making it up.
- tick_tock_tick 6y agoIf you did even the slightest bit of research you'd understand that no one paid those rates.
- dmitrygr 6y agoIn 1912 the federal income tax rate was zero in USA